BMR Group PLC Jubilee Notice to Proceed Toward Kabwe Agreements (9836D)
February 06 2018 - 1:00AM
UK Regulatory
TIDMBMR
RNS Number : 9836D
BMR Group PLC
06 February 2018
BMR Group PLC
("BMR", the "Group" or the "Company")
Jubilee Metals Group Plc ("Jubilee") notice to proceed toward
Kabwe Zinc-Lead tailings agreements
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Further to the announcement dated 23 October 2017, BMR announces
that it received notice yesterday from Jubilee that, following the
conclusion of its review referred to in the earlier announcement,
it now intends to negotiate the detailed terms of (i) joint venture
and operating agreements with the Group in respect of the Kabwe
operations and (ii) the advance of up to a further GBP2.0 million
of debt finance in return for up to a 40% interest in the enlarged
voting rights of the Kabwe joint venture company.
Accordingly, BMR and Jubilee are now entering into detailed
negotiations in respect of the various agreements and will make a
further announcement when those negotiations are concluded and the
agreements (each of which will constitute a related party
transaction in accordance with AIM Rule 13) are entered into.
For further information:
BMR Group PLC 020 7734 7282
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
NOMAD and Joint Broker
Chris Fielding/ Alex Bond
Peterhouse Corporate Finance 020 7469 0930
Joint Broker
This information is provided by RNS
The company news service from the London Stock Exchange
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